UBS Asset Management Americas Inc. lifted its position in shares of Selective Insurance Group (NASDAQ:SIGI) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,577 shares of the insurance provider’s stock after acquiring an additional 1,065 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.06% of Selective Insurance Group worth $2,147,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SIGI. Public Employees Retirement System of Ohio boosted its holdings in shares of Selective Insurance Group by 0.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,449 shares of the insurance provider’s stock valued at $123,000 after acquiring an additional 23 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Selective Insurance Group by 55.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 30,583 shares of the insurance provider’s stock valued at $1,647,000 after acquiring an additional 10,880 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Selective Insurance Group by 59.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 21,970 shares of the insurance provider’s stock valued at $1,183,000 after acquiring an additional 8,230 shares in the last quarter. Advisor Group Inc. lifted its holdings in Selective Insurance Group by 75.3% during the 3rd quarter. Advisor Group Inc. now owns 6,369 shares of the insurance provider’s stock worth $343,000 after buying an additional 2,736 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Selective Insurance Group by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 127,630 shares of the insurance provider’s stock worth $6,873,000 after buying an additional 2,130 shares during the period. 78.71% of the stock is currently owned by institutional investors.
Selective Insurance Group stock opened at $61.30 on Monday. The company has a market capitalization of $3,599.41, a PE ratio of 21.51, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Selective Insurance Group has a twelve month low of $44.65 and a twelve month high of $62.40. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.26.
Selective Insurance Group (NASDAQ:SIGI) last announced its earnings results on Thursday, February 1st. The insurance provider reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.06. The firm had revenue of $633.70 million for the quarter, compared to the consensus estimate of $632.30 million. Selective Insurance Group had a return on equity of 11.11% and a net margin of 6.83%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. equities analysts anticipate that Selective Insurance Group will post 3.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Wednesday, February 14th. Selective Insurance Group’s dividend payout ratio (DPR) is presently 25.26%.
Several research analysts have commented on the company. BidaskClub raised Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. ValuEngine raised Selective Insurance Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Selective Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. Keefe, Bruyette & Woods set a $62.00 target price on Selective Insurance Group and gave the stock a “hold” rating in a report on Monday, February 5th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $59.00 target price on shares of Selective Insurance Group in a report on Friday, December 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Selective Insurance Group currently has an average rating of “Hold” and an average target price of $62.67.
About Selective Insurance Group
Selective Insurance Group, Inc is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market.
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